Chieftain Metals Applies for Road Alignment Amendment

TORONTO, ONTARIO--(Marketwire - Feb. 2, 2012) - Chieftain Metals Inc. (TSX:CFB) is pleased to announce that the company has submitted a project description to the British Columbia Environmental Assessment Office ("BCEAO") and the Canadian Environmental Assessment Agency ("CEAA") defining a proposed access road alignment amendment which initiates the formal review process. The Amendment Application will seek an alignment change to the currently approved 162 kilometre all-weather access road from the Tulsequah Chief Project to connect to the public road system near Atlin, British Columbia. Management expects the review of the Amendment Application to be concluded in Q2, 2012. Information on the Tulsequah Chief Project, including prior assessments and current approvals, is available on the BCEAO website at http://a100.gov.bc.ca/appsdata/epic/html/deploy/epic_project_home_72.html.

Keith Boyle, P.Eng., Chieftain's Chief Operating Officer, stated, "The alternate alignment to the currently permitted road route avoids the Nakina heritage trail and Blue Canyon, highly valued areas for heritage, traditional use and caribou, respectively, for the Taku River Tlingit First Nation. We are pleased to be finalizing the transportation solution for the project."

About Chieftain Metals Inc:

Chieftain Metals Inc.'s principal business is the acquisition, exploration and development of mineral properties. Since incorporation, the Company's business has focused entirely on the acquisition, and thereafter the development, of the Tulsequah Chief Polymetallic Project, in north-western British Columbia, Canada. The Tulsequah Project consists of 38 mineral claims and Crown-grants covering approximately 14,220 hectares and covers two previously producing mines. For more information on the Tulsequah Project, please refer to the Company's NI 43-101 compliant technical reports, "Tulsequah Chief Deposit, Tulsequah Chief Property, Northern British Columbia" and "Big Bull Project, Tulsequah Chief Property, Technical Report, Northern British Columbia", each dated as of November 8, 2010 and available under the Company's profile on SEDAR (www.sedar.com).

Forward-Looking Information:

This press release includes certain "forward-looking statements" within the meaning of the Ontario Securities Act or other laws or regulations. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization, mineral resources or reserves, exploration results and future plans and objectives of Chieftain Metals Inc. are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.